Hawk Enters into Letter of Intent for Ghanaian Mining Claims

Toronto, November 10, 2009 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (“Hawk”) is pleased to announce that it has entered into a Letter of Intent with Xtra-Gold Resources Corp. (“Xtra”) with respect to a proposed transaction (the “Transaction”) whereby Hawk would obtain the exclusive right to explore for, develop and mine alluvial gold on Xtra’s Kwabeng Mining Concession (“Kwabeng Concession”) in the Republic of Ghana (the “Contract Mining Rights”). The proposed arrangement would have an initial term of five years and would be renewable for successive periods of five years thereafter, provided that annual gold production in each year of a renewal period is at least 6,000 ounces. This project is part of Hawk’s strategic, immediate and long-term goal to commence gold and other precious mineral production. The Transaction is subject to the completion of a definitive agreement between Hawk and Xtra, the approval of the Board of Directors of Hawk and Xtra, and the approval of the applicable regulatory authorities, including the TSX Venture Exchange.

Under the Letter of Intent, Hawk would purchase from Xtra the mineral extraction and processing equipment located on the Kwabeng Concession, including any spare parts (the “Equipment”) for a total consideration of US$625,000, due upon execution of a definitive agreement.

Under the Letter of Intent, Hawk would make the following payments:

a. an initial payment to Xtra of US$60,000, due upon execution of a definitive agreement;

b. a further initial payment to Xtra of US$200,000 for the right to use a settling pond located on the Kwabeng Concession (the “Settling Pond”);

c. US$30,000 payable monthly to Xtra for the first 24 months following the execution of a definitive agreement (for a total of US$720,000);

d. effective from and after the execution of a definitive agreement, operations on the Kwabeng Concession would be subject to a 3% net smelter return royalty (the “Ghana NSR”) payable to the Republic of Ghana; and

e. commencing 24 months following the execution of a definitive agreement, Xtra would receive a 2% net smelter return royalty on all production of alluvial gold from the Kwabeng Concession, calculated on the same basis as the Ghana NSR.

Under the Letter of Intent, Hawk would arrange for a US$150,000 bond (the “EPA Bond”) to be issued within 90 days of the execution of a definitive agreement as a reclamation bond in compliance with the requirements of the Ghana Environmental Protection Agency. Hawk would be responsible for maintaining in force the EPA Bond, as well as for any and all environmental reclamation required under the law of Ghana in connection with (or upon completion of) the exercise of the Contract Mining Rights, including any reclamation relating to the Settling Pond.

The definitive agreement would provide for an area of mutual interest (“AMI”) which would be comprised of the area extending for 20 km from the exterior boundary of any Xtra concessions in the Kibi Gold Belt in the Republic of Ghana. Xtra would have the right to acquire one half of any working interest that is acquired by Hawk in any hard rock properties that lie within the AMI. Xtra’s decision to back into one half of Hawk’s interest does not have to be made until Hawk incurs at least $500,000 of exploration expenditures on an applicable property, but the definitive agreement would provide that Xtra must make its election within a reasonable time after that condition is satisfied. If Xtra so elects to back into and acquire one half of Hawk’s interest, then it would be required to pay Hawk one half of the costs that were incurred by Hawk and are associated with the acquisition, exploration and maintenance of the interest.

The Kwabeng Concession:

The Kwabeng Gold Project is approximately 44km2 and is centered around the village of Kwabeng, approximately 120km north of Accra. It is located on the northwestern flank of the Atewa Range in the Eastern Region of Ghana and has a history of gold production dating back to the turn of the century. More recently, over 16,000 ounces was mined from the concession between 1990 and 1993 by Goldenrae Mining Company Ltd. and an additional 8,736 ounces of gold was mined by Xtra Gold Resources Corp. in 2007-2008 before being discontinued. A 150m3 per hour IHC designed washplant is on site that can be activated to commence commercial gold production in a short timeframe.

Gravels of the Birim River Valley are known to contain quantities of gold. There are currently several small scale placer operations on this river system. Hawk intends to develop an alluvial gold mining operation in this area that, at today’s gold price (US $1,000+), is expected to provide a positive cash flow (Recent high gold prices have resulted in several galamsay groups - illegal artisanal miners - conducting alluvial mining on the gravels in the Birim River.) Alluvial gold material has been previously identified within the concession and the historic resource is estimated at over 60,000+ ounces. These are historical resources that were reported by entities that Hawk believes were technically competent, however these historical resources are not compliant as a qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Hawk is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Hawk expects to be conducting detailed work to prepare a NI 43-101 compliant resource estimate. There is exploration potential to add additional indicated and inferred resources.

Field inspection and previous operations have indicated that gold bearing gravels are present in most of the Birim River drainage flats and can extend up to 500 metres wide and several kilometres long in places. The gold-bearing gravel on the Kwabeng Concession is similar to what has been encountered on other areas on the Birim River and around the Atewa Range and poses no technical problems to mining and washplant gravity processing.

Gravel thickness ranges from 2.3 to 4.3m with overburden thicknesses ranging from 2.3 to 2.8m. The overburden, which is a silty clay layer, will have to be stripped prior to mining the gravels so as to minimize dilution and slurrying problems in the gravity recovery circuit. The area surrounding the Atewa Range has a long history of alluvial production, good infrastructure is in place, including electricity, water and roads, which are available to the mine camps and concession.

Hawk’s management believes that this project provides Hawk with the potential to commence alluvial gold production in a relatively short period of time.

In September 2009, Hawk completed a “due diligence mission” to the Republic of Ghana to review and analyze several prospective concessions and equipment acquisitions in the Kibi Region of Central Ghana. During the “due diligence mission”, meetings were held with several past and present Minerals Commissioners, Government officials and the King of the region (“The Ochyenhene of Akim”). Hawk also had very positive discussions with officials and other parties regarding the environmental standards and community involvement that would be employed in its operations. During this trip, Hawk also established banking and accounting relationships, as well as relationships with several experienced professional explorations and mining personnel who have long and successful track records in the Republic of Ghana.

About Hawk Uranium Inc.:

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and/or drilling, for Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of N. Ontario.

Michael Newbury P.Eng., a “qualified person” as such term is defined by National Instrument 43-101 and a director of Hawk, has reviewed and approved the technical information in this news release on behalf of Hawk.

More detailed information is available on Hawk’s website at www.hawkuranium.com.

About Ghana:

Ghana was formerly called the Gold Coast and is an independent multi-party constitutional democracy with a stable government. Ghana is very mining-friendly with competitive fiscal policies and incentives for mining and mineral exploration. Gold accounts for about 42% of Ghana’s exports and there are numerous large and small scale mines, mills and processing plants in the country that are operated by several world-class foreign mining companies.

Cautionary Statement:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Hawk Uranium Inc.
H. Vance White, Chairman
Phone: 416-214-2250
Fax: 416-367-1954

Robert S. Stewart, President & CEO
Phone: 480-778-8345

Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com